BlackRock portfolio manager Sidharth Mahapatra has been appointed co-manager of the £508m BGF India fund, alongside current manager and head of Asian and global emerging markets equities Andrew Swan.
Mahapatra, who works within the global emerging markets team, joined BlackRock's Hong Kong office in June from Amundi, and is responsible for managing the firm's India funds and India equities research.
Prior to 12 years as lead manager of the India equities strategies at Amundi in Hong Kong, he spent 12 years covering Indian equities in institutional sales and research roles while at HSBC and JP Morgan.
Mahapatra and Swan (pictured) are supported by the wider global emerging markets team, with Anand Agarwal leading research dedicated to Indian equities.
In a client note, seen by Investment Week, BlackRock also confirmed the team will be expanded by the October hire of a new research analyst to cover Indian equities.
BlackRock told clients: "The funds will continue to be managed in line with the prevailing global emerging markets team philosophy and process, with a focus on flexibility of style, deep localised research and risk management.
"We consider this to be the right structure to facilitate optimal use of our senior portfolio manager resources across the Asia & GEM fundamental equity platform in order to meet your investment needs."
The BGF India fund was launched in 2005 and has been managed by Swan since 2011. It has returned 7.6%, 61.7% and 183.2% over one, three and five years respectively to 2 September according to FE, compared to the benchmark MSCI India index, which is up 6.2%, 60.2%, and 126.8% over these periods.
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